Current report drafted according to the provisions of the article 226 of the Law no. 297/2004

Sun, 03/09/2014 - 23:54

As of the date of March 7th 2014, the S.C. Alro S.A Ordinary General Meeting of Shareholders took place.

It was attended by the following shareholders:

·        Vimetco NV, holding shares representing 84.1898 % from the share capital, represented by Ioana Racoti;

·        Proprietatea Fund, holding shares representing 10.2111 % from the share capital, has voted by correspondence;

·        Gheorghe Dobra, holding shares representing less than 0.0001 % from the share capital; 

·        Stoian Constantin, holding shares representing less than 0.0001 % from the share capital; 

·        Ioana Racoti, holding shares representing less than 0.0001 % from the share capital; 

·        Popescu Constantin, holding shares representing less than 0.0001 % from the share capital;

·        Tudor Marin, holding shares representing less than 0.0001 % from the share capital;

The shareholders attending the Ordinary General Meeting hold shares amounting to 94.4010 % from the share capital.

The following decisions have been made:

1. With a number of 673,814,384 amounting to 99.99 % of the share capital represented in the meeting and 138 refraining votes, the proposal to cover the accumulated deficit by the first time adoption of IAS 29 – “Reporting in Hyperinflationary Economies” by using the amount of RON 547,000,000 from ‘Adjustments of Share Capital’ has been approved.

2. With a number of 600,929,808 votes against amounting to 89.18 % of the share capital represented in the meeting and a number of 72,884,714 votes in favour, the Income and Expenses Budget for year 2014, as recommended by the Board of Directors of the Company, has been rejected.

3.  With a number of 673,814,522 amounting to 100 % of the share capital represented for in the meeting, Mr. Ion Constantinescu is granted power-of-attorney to comply with all the formalities for the registration of the Ordinary General Meeting of Shareholders’ resolutions.

4. With a number of 673,814,522 amounting to 100 % of the share capital represented for in the meeting, the date of 24th March, 2014, as registration date in accordance with the provisions of art. 238 of the Law no. 297/2004 on Capital Market, has been approved.